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China Trade Balance Explodes To Record High As July Exports Double Expectations
Filed in the "are you kidding us" folder... Chinese exports rose an astounding 14.5% YoY in July (the biggest surge since April 2013 and double the 7.0% YoY expectations). Chinese imports plunged 1.6% to 4-month lows, dramatically missing expectations of a 2.6% YoY gain. These miracles of goalseek.xls and fake trade invoicing left the Chinese Trade Balance for July at $47.3 Billion - its highest ever (ever) and almost double the $27.4bn expectations. In the midst of collapsing European economies, plunging Russia, and stumbling 'hard' US macro data, the Chinese government would have us believe the world (net) bought the most stuff ever from them in July...
Yes, your eyes are not deceiving you...
It would appear - as we noted previously, that China is up to its old tricks...
China's exports have been overstated by Chinese data...
We cannot show just how crazy this data is because US and more importantly Hong Kong imports from China data is not updated to end July yet... but it is noteworthy that the hub of fake invoicing - Hong Kong - saw a 13.3% YoY jump - its most in 16 months... after being totally flat for 4 months
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welp.. Barry actually has a spine.. fooled me..
CHINA ..
http://hedgeaccording.ly/2014/07/alan-greenspan-u-s-running-out-of-buffe...
Chinese goverment is about as smart as foneystar/gh0atrider pedeling shit coin....
China's leaders have the ability to formulate / fabricate almost any figure they want relative to China's own internal condition.
And they do.
Thanks China for all of your hard work making everything for everyone.
Your reward is massive environmental damage to your lands and a few piece of paper with a bunch of zeros on them.
Indeed, the price:quality ratio of our "Hub and Bearing Assemblies" cannot be matched by anyone else. Who says so?
Our customers there in Peru.
Must be true!
Thats why the Baltic Dry Index (BDI) is bottom bouncing!
Oh yah. Must be all those "new" ships that have come online. Yah. Thats it? Isn't it?
Bearings are shipped in 20' containers. Shipping rates for containers have a different dynamic than shipping bulk goods like grain or coal.
Interesting. I imagine insurance rates for "metallic compounds" are different as well...thus driving up the price of "bearings" relative to the bulk product as well.
Rather ironic if you think about..."won't take out insurance on a thousand foot ship loaded with grain, copper or iron ore...buta single shipment of bearings airshipped from Chile will absolutely be insured."
The Peoples Revolutionary Republican Communist Democracy of Nouveau Riche Princelings compretery and utterry leject the arregation and fraglant ries in lespect of the varidity of the States data. P.S can anyone prease exprain what is meaning of lehypothecation because cannot find in the onrine Engrish-Chinese dictionaly.
'Zai diya'.Of course considering the fact that finance revolves around real estate it also means to remortgage but essentially it means the same as in English.
You asked.
Same-same as the FED.
Except the Fed lies about number one economy, and BOC lies about number two economy.
The Fed's lies therefore have a greater consequence on the global economy.
There is nothing wrong with owning some Bitcoin vs having to much FRN's, I myself like being Diversified. Silver, Gold, Guns, Ammo, Food, Farmland, Bitcoin and God.
Burr-ish!
I have a hard time believing this is china. this stanks of the fed offering china some advice on how to try to balance global markets.
I ordered a new set of carbon wheels for my bike, it's my fault.
What's funny is, the complete fucking delusion of the west and even ZH to the reality that China is decoupling from dollar assets and dollar accounting and everything else dollar related!
What does this mean, if you still see the world through the USD spectrum, shit is going to get more and more confusing for you! They are going to completely reverse slowly the way the planet sees value, and to do this, they will take a page from the FED's play book, which is of course, completely make shit up and based on variables only you know as the gov know!
Only in China higher wages for workers translate to higher exports and higher profits
Situation must be in such a panic, that politburo is obligated to reduce the quality of propaganda with this idiotic data tonight
China is currently running at minus 8% GDP since at least 30% of all commodities are not available for consumption but tied up in rehypotheticated deals
Off Topic! But I want this out there for the person who called me a fuck head and told me I didn't know shit about Fukushima. Direct from TEPCO, they announced just what I said months ago. "In fact, the power company’s new appraisal of the Fukushima No. 3 reactor building shows that all – or nearly all – of the fuel rods contained inside were melted, dropping onto the floor of the containment vessel. If true, the news means the power plant could be even tougher to decommission."
hang in there i have a rogue retard hit and run happeneing to me daily. doc is right, don't let it get to you.
Fonz, respectfully, we're just having fun. The moment you question you're cranial knowledge? On 'Zero Hedge', is indeed a sad day my friend!
Your children will prosper partially from the infinite wisdom, you've gained on Zero Hedge/
ya poor thing, I gave you an upvote just to make you feel better
So Wild "Tear Drops/ You actually think you.ve got some ideas?
Do you even have the slightest inclination of the work it takes to put a 2014 BMW 335i lease on your desk?
Why are you buying it on a lease anyway? Can't you drive someone else's, or buy one on the company tab?
Seriously, have you ever considered skipping the whole 'ownership' thing and just use one you don't have to own?
Think about your future maintenance bills on those German parts...
I know, my comment looked kinda sarcastic. But I was expressing real sympathy, I like both Jack and fonz.
Hey Fuckhead. Let's stay on point here. This ain't a Fuckashemale Thread. lmao.... Fuckhead is one of the nicer things I've been called.
does db stand for Douche Bag?
To be fair - ZH reported earlier this week that he US trade balance was among the worst ever - excluding energy. That means the US sucked in more goods from somewhere!
Yay! Walmart thoroughly restocked.
Agree! Very likely Chinese made Christmas crap coming in so the US retailers get it distributed and can put it out on the shelves at the end of September!
WTF is going on with the Nikkei? Did someone hit the stop button? Its been on -445.49 for 20 minutes or better.
they take a smoke break.
They must be smoking some good stuff.
I recently ordered some carbon fibre' underware. does that count?
does it dry fast?
The Chinese just use a dice to decide on their trade data, nobody take chinese statistics seriously, having your own guess is likely to be far more accurate.
They peg to the criminal manipulated phony azz US dollar, so who believes any of the 'statistics' out there anyway. They all probably think that they might as well lie Big.
"they more easily fall victim to a big lie than to a little one " - Adolf Hitler
Hillarious! The banks are trying to purge the longs. I'm not hedged bitchez/ I love that carry bitchez!/ Australia is AAA+++ bitchez!
Fucking Sand Niggers "rince washing"!
This one I sort of believe.
Imports from are so overwhelming most PNW ports have ships at berth waiting to unload. Part of it is inventory restock and hedging against possible USWC longshore strike.
Part of it is probably dumping to keep the factories going.
But I still do not understand who is going to buy all this shit?
I did not buy anything.
FX is officially poluted!
Long Silver/ even moar
Hey, there is a mouse-head in my pot sticker!
Tylers, if you suspect export numbers are getting 'fake' again to mask foreign credit inflows, you need say it in plain English(even though I can plainly see that's what you are saying).
ZH seems to have gone more "mainstream" now than a few yrs ago, a lot of yon readers may really have trouble connecting dots and understanding what you mean.
Yeah...might be a little too into the minutiae here. "Seeing ghosts"'as it were. All data begins...and basically ends actually...at the point of sale...not in import/export "trivia." (Although this data set is very bullish for debt buying as this means the dollars are still sloshing around in huge quantities.)
That's why I remain bullish on Oracle as that is their bread and butter...data on actual sales "of sales" (by an actual customer.) tesla is another interesting one since it only takes pre orders on cars and doesn't just "inventory up."
They must have just shipped out a massive load of toxic Back to School Sale supplies.
Lead to sch'cool supplies
neurotoxin that accumulates both in soft ...
Lead poisoning -China's data may well be manipulated, but even so, this was clearly a good quarter for them.
next quarter probably good as well, exporting food to Russia.
European's lost!
China's a food importer, not exporter. If they're going to be exporting food to Russia it's because they'll be importing even more from everywhere else. They don't do that for free so, Russia loses.
"China is up to its old tricks..."
When it comes to old tricks the Fed is like Germany and the BOC is like Brazil.
"On March 23, 2006 the Federal Reserve ceased publication of the M3 monetary aggregate, in line with an announcement it made in November, 2005. The M3 is a measure of money supply in theUnited States"
The lie was that they stopped publishing M3 to save money. The real reason was seen 3 years later.
And then there's the greatest lie ever told in the history of the United States of America. A lie of omission.
in November 2007, the Fed learned that the nation's economy went into recession.
But in 12 months there was to be an election for president, the whole House of Reps, and one third of the Senate.
So the Fed did not tell the American people that they had been in recession until December 2008.
AFTER THE ELECTION IN NOVEMBER.
In 2008, how many American would not have bought houses, made investments, stated businesses if they had known that the country was in recession?
The BOC MAY lie to the international community about trade figures, but the FED lies to its own citizens about the state of their economy.
Our US administration wants to know the cost of renting a ghost town suite. They want to run a pedophile establishment to jump start GDP.
Atomizer, I love you, in a "non" Reggie way!
long on fortune cookies!
Gentlemen?
When you felt "undeserved" ?
Gentlemen, "your Mother taught "you" kinship"
Gentlemen, I didn't ask for this job.
I hope that I helped to define a gentleman? ( long opera)
I feel this whisper
Chinese goods are not being shipped to Hong Kong. All the consumers are Mainlanders looking for foreign luxury goods and the rents are too high to open stores selling cheap Chinese goods.
Pretty funny, no?
Shanghai is a lot different than Hong Kong...and yes Chinese goods are being shipped there (Shibor for example...and the "Shicomp" I might add as well.)
"A River Runs Through It" as they say.
Talking out your ass again Banzai. Walk through west Kowloon, SSP or MK...
stick to photoshopping pictures of the bernank, you obviously know nothing about HK...
Don't waste you time Billy/
Some of us love life<> and others debate IT.
I love you billy, and your Mother is looking down on you.
If China loaned the coutries buying the exports the yuan to pay for the exports then yes they could achieve that level of exports.
Long term it just means chinese baks will be packed with bad loans to third world countries that wont pay them back.
They call it China Trade Finance i.e. without the Trade
Hard to beat a man with 5 aces.
Breaking news - 50% of China's population are now ba-zillionaires and are ready to buy up the planet and marry all our women.
Just another communist country showing superiority.
Hell, North Korea won the recent World Cup in soccer - can you beat that??
Enough with pussification/ Be a man
SSSSUUUUUURRRREEE they did!!!!!!!!!!!!!!!!!!
I guess many of the keyboard warriors have never ever been to Asia, especially HK. Most of the comments are literally moronic. Hub of fake data, HK, hahaha, your killing me. China, yes, but HK, I don't think do.
Honestly, the data is probably out, but people on zh, China had new clients to now, not just the west. Africa continent, Brazil (remember the world cup memorabilia that people buy), middle east etc. U.S. and Europe aren't the only customers and the slack is somewhat taken up a little by these new buyers. It's the data correct, I dunno, but the central government of China Will only be kidding themselves if they though otherwise. Xi is a good leader, so even if it's tainted, from a macro angle they are making the right moves (policy wise).
I do like the communist phase though, because it's better than having fascists criminals running your country. Also, communists are reforming to become capitalists which they have demonstrated via their economic power over the last 2 decades. Whereas fascists do not reform because their mo of free looting, total dominance, death and destruction, psycho policies are too exciting to be replaced with any other legitimate form of governing.
data looks legit to me, why do you think China owns the world now?
US really should hire an asian for president.
The FED is buying the chinese with printed dollar to fill its raiders of the lost ark warehouses to make sure all global data is in line!